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Board considers adopting C-PACE energy-loan program; staff to invite Clean Energy NH for details
Summary
Staff outlined the C-PACE program that lets eligible businesses obtain long-term, asset-backed loans for energy improvements; the board asked about administrative lift and asked staff to schedule a Clean Energy New Hampshire presentation and a follow-up public hearing.
Town planning staff (S3) described the C-PACE (commercial property assessed clean energy) program authorized by recent state legislation; the program enables private lenders to provide long-term financing for eligible energy-efficiency and renewable projects, typically with terms up to 30 years and financing up to about 30% of the asset value.
The board asked about administrative burden and how loan repayments are attached to property tax records. Staff suggested inviting a Clean Energy New Hampshire representative to explain program steps and administrative needs; members agreed and directed staff to schedule a presentation and a 10‑day public notice for a hearing to consider program adoption. Staff said one local childcare applicant had already expressed interest and that small-business uptake would likely be modest but potentially important for businesses seeking energy retrofits.
